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201602832
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Last modified
7/24/2017 1:41:36 PM
Creation date
5/9/2016 10:48:27 AM
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DEEDS
Inst Number
201602832
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2� 1 ��2832 <br /> by this Security Instrument,whether or not then due,with the excess, if any,paid ta Borrovver. Such <br /> Miscellaneous Proceeds sha�l be applied in the�rder pro�ided for in Section 2. <br /> In the event of a tatal taking,destruct�on, or�oss in�a�ue of the Property,the Miscellaneous Pr�ceeds <br /> shall be applied to the sums secured by this Security Instrument,wh�ther or not then due,with the <br /> excess, if any,paid to Borrower. <br /> In the event of a pa.rtial taking,destruction, or loss in value of the Property in vvhich the fair market <br /> �alue of the Property immediately before the partial taking, destruction, ar�ass in�alue is equal to <br /> or greater than the amount of the sums secured by this Security Instrument immediately hef�re the <br /> partial taking,destructian,or loss in value, unless Borrawer and Lender otherwise agree in writing, <br /> the sums secured by th�s Security Instrument shall be reduced hy the a.mount of the M�scellaneous <br /> Proceeds multiplied by the fallowing fraction: (a�the to�a.l amount of the sums secured immediately <br /> befare the partial taking, destruction, or loss in value di�ided hy�b�the fair market value flf the <br /> Property immediately before the par�ial taking,des�ruction, �r�ass in value.Any ba�ance shall be paid <br /> to Barr�wer. <br /> In the event of a partial taking,destruction,or lass in value of the Property�n which the fair mark�t <br /> �alue of the Property immediately before the partia�taking,destruction, or�oss in�a1ue is less than the <br /> amount nf the sums secured immediately before the partial tak�ng, destruction, or loss in�alue,unless <br /> Borrower and Lend�r otherwise agree in writing,the Miscel�aneaus Proceeds shall be applied to the <br /> sums secured by this Security Instrument whether or not the sums are then due. <br /> If the Property is abandoned by B�rrovver,or if, after notice by Lender to Borrower that the�ppos�ng <br /> Party(as defined in the next sentence}offers to make an award ta settle a cla�m for damages,Borrower <br /> fails to resp�nd t�Lender vvithin 3�days after the date the notice is gi�en, Lender is autharxzed ta <br /> collect and app�y the Misce�laneous Praceeds either ta restorat�on or repair of the Property ar to the <br /> sums secured by th�s Security Instrument,whether or not then due. "Dpposing Party"means the third <br /> party that owes Barrovver Miscellaneous Proceeds ar th�party against whom Borrower has a r�ght of <br /> action in regard to Misce��aneous Praceeds. <br /> Barrower shall�e in default if a.ny action or proceeding,whether civil ar criminal, is hegun that, in <br /> Lender's judgment,�auld result in forfeiture of the Property or other material impairment af Lender's <br /> interest in the Property or rights under this SeCurity Instrument. Borrawer can cure such a d�fault and, <br /> if acceleration has occurred,reinsta.te as provided in Section �9, by causing the actian or proceeding <br /> to b�dismiss�d with a ruling that, in Lender's j udgment,precludes farfeiture of the Property or other <br /> material impairment of Lender's inter�st in the Property or rights under this Security Instrument. The <br /> pro�eeds of a.r�y avvard�r claim for damages that are attributa.ble to the impairment of Lender's interest <br /> in the Property are hereby assigned and shall be paid tv Lender. <br /> A�l Miscellaneous Proceeds that are not appli�d ta restoration ar repa�r of the Property shall be applied <br /> in the order pro�ided far�n Section�. <br /> 'I�. Borrow�r Not R�lease�; Forb�arance By Lender Not a Vlfai�er. Extens�on af the <br /> time for payment or modif�cation of amortization of the sums secured by this Security Instrument <br /> granted by Lender to B�rrnwer or any Successor in Interest�f Borrovver shall not operate to release <br /> the liability of Borrower or any Successars in Interest of Borrower. Lender sha11 not be required to <br /> commen�e proceedings against any Successor in Interest vf Borrower or to refuse to e�tend time <br /> for�ayment ar otherwise modify amartization of the sums secured�y this Security Instrument by <br /> reason of any demand made by the original Borrower or any Successors in Interest of Borrower. <br /> 2�ao4o��32 <br /> NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFDRM INSTRUMENT Farm 3�28 110� <br /> VMP� oar�v�� <br /> NVolters Kiuwer Ftnancial Servi�es 2�1E042115.1.0.3454-N2D151 a19N Page 1�vf 16 <br />
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